 |
- Globally, card processing through PayPal Complete Payments can help increase authorization rates by an average of 4.7 percentage points for businesses.
- The solution will power businesses to boost customer conversions, drive revenue growth and streamline operations, all while enhancing fraud protection.
SINGAPORE, May 15, 2025 /PRNewswire/ -- PayPal Complete Payments is now available for all businesses in Singapore. The full-stack payments solution is tailored for small and medium businesses (SMBs) and large enterprises to extend their reach globally, allowing merchants to accept payments from customers in over 200 markets while reducing complexity and managing risk, with just a single customizable integration.
"PayPal Complete Payments will give businesses here access to an extensive suite of new tools which will help them sell more effectively to global customers, in just one integration. It will also help businesses optimize their cash flow by enabling rapid settlement for transactions in minutes instead of days while also allowing them to hold multi-currency balances, reducing foreign exchange exposure," said Nadia Syed, Senior Vice President, International Cross Border Trade and General Manager Asia Pacific, PayPal. "Our latest product for businesses in Singapore is designed to help businesses boost customer conversion, drive revenue growth, and streamline operations—all while enhancing fraud protection, improving cost efficiencies, and simplifying cross-border transactions."
Amid a complex global trade environment, marked by higher tariffs and growing protectionism, cross-border commerce remains a vital growth engine for Singapore-based businesses. The recent developments have prompted calls for Southeast Asia companies to reassess their supply chains and explore new markets[1].
The strategic shift toward trade corridor diversification highlights the increasing importance of partnering with a global payments leader such as PayPal in accessing over 200 markets. This includes offering locally relevant alternative payment methods, which are growing in popularity around the world. Providing this flexibility is key to driving conversion, given 70 per cent of consumers consider the availability of their preferred payment method crucial to choosing where to shop[2].
Businesses can transact seamlessly with global customers
PayPal Complete Payments includes multiple features which will help businesses reach and engage customers around the world. These include options for consumers to choose how they pay, which can help drive checkout conversion – whether with globally-recognized methods like PayPal, Apple Pay® and Google PayTM, American Express, Visa and Mastercard credit or debit cards, or locally-accepted alternative payment methods such as Alipay, iDEAL and BLIK.
Globally, card processing through PayPal Complete Payments can help increase authorization rates by an average of 4.7 percentage points[3]. Additionally, the availability of both PayPal Wallet and Apple Pay can potentially lead to a 17 per cent increase in checkout conversion rates[4] – further supporting business growth and revenue.
Another new feature is the ability to present prices in local currencies familiar to consumers wherever they are. PayPal Complete Payments also helps businesses optimize their cash flow by enabling rapid settlement for transactions in minutes instead of days while also allowing them to hold multi-currency balances, reducing foreign exchange exposure.
Commenting on how PayPal Complete Payments has benefitted from their cross-border gaming business online is G2G (Gamer2Gamer). G2G, a global leader in digital goods and services, trusted by over 10 million users worldwide and built to scale in the fast-growing US$250 billion global gaming market. According to G2G's Group CEO and Co-Founder Ken Chee, "PayPal Complete Payments with its transparent fees, instant settlements, and multi-currency support, empowers G2G to deliver a seamless and secure payment experience. Its advanced fraud protection minimizes risks in our cross-border transactions, enhancing operational confidence. This integration fuels G2G's expansion, fostering trust and stronger connections with our global gaming community."
Securely storing payment methods and simplifying the checkout experience
PayPal Complete Payments enables eligible businesses to allow their customers to securely store their payment methods in the PayPal vault for future purchases. This provides a seamless shopping experience for consumers, and helps businesses reduce transaction declines, drive conversions and facilitate repeat buyers.
Customers of businesses can save multiple payment methods – from PayPal to cards – in the PayPal vault. To help keep these payment methods up to date, PayPal supports features like real-time account updates, which can refresh card details when they are lost, stolen, or expired.
Security at the foundation
Additionally, fraud attacks targeting e-commerce payments in Singapore have risen to more than five times the global average[5]. This underscores the need for businesses to strike the right balance between authorizing legitimate payments and preventing fraudulent activities to effectively manage risk.
To help keep businesses secure in an environment where fraud is on the rise, PayPal Complete Payments offers Fraud Protection and Seller Protection on eligible transactions. PayPal has integrations with several e-commerce platforms – including Adobe Commerce, Big Commerce and WooCommerce – which make it easier for their customers to quickly take advantage of these solutions.
Discover more about PayPal Complete Payments here.
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com, and https://investor.pypl.com.
Media contact:
Prisita Menon
primenon@paypal.com
[1] EY, Impact of recent US tariffs on ASEAN business. (Apr 2025). |
[2] PYMNTS. (Oct 2024). |
[3] PayPal internal data, from online transactions between Oct 2022 – Sept 2023. |
[4] Incisiv, BigCommerce Enterprise Commerce Platform Conversion Report. (Jul 2023). |
[5] CNA. (Dec 2023). |
- Globally, card processing through PayPal Complete Payments can help increase authorization rates by an average of 4.7 percentage points for businesses.
- The solution will power businesses to boost customer conversions, drive revenue growth and streamline operations, all while enhancing fraud protection.
SINGAPORE, May 15, 2025 /PRNewswire/ -- PayPal Complete Payments is now available for all businesses in Singapore. The full-stack payments solution is tailored for small and medium businesses (SMBs) and large enterprises to extend their reach globally, allowing merchants to accept payments from customers in over 200 markets while reducing complexity and managing risk, with just a single customizable integration.
"PayPal Complete Payments will give businesses here access to an extensive suite of new tools which will help them sell more effectively to global customers, in just one integration. It will also help businesses optimize their cash flow by enabling rapid settlement for transactions in minutes instead of days while also allowing them to hold multi-currency balances, reducing foreign exchange exposure," said Nadia Syed, Senior Vice President, International Cross Border Trade and General Manager Asia Pacific, PayPal. "Our latest product for businesses in Singapore is designed to help businesses boost customer conversion, drive revenue growth, and streamline operations—all while enhancing fraud protection, improving cost efficiencies, and simplifying cross-border transactions."
Amid a complex global trade environment, marked by higher tariffs and growing protectionism, cross-border commerce remains a vital growth engine for Singapore-based businesses. The recent developments have prompted calls for Southeast Asia companies to reassess their supply chains and explore new markets[1].
The strategic shift toward trade corridor diversification highlights the increasing importance of partnering with a global payments leader such as PayPal in accessing over 200 markets. This includes offering locally relevant alternative payment methods, which are growing in popularity around the world. Providing this flexibility is key to driving conversion, given 70 per cent of consumers consider the availability of their preferred payment method crucial to choosing where to shop[2].
Businesses can transact seamlessly with global customers
PayPal Complete Payments includes multiple features which will help businesses reach and engage customers around the world. These include options for consumers to choose how they pay, which can help drive checkout conversion – whether with globally-recognized methods like PayPal, Apple Pay® and Google PayTM, American Express, Visa and Mastercard credit or debit cards, or locally-accepted alternative payment methods such as Alipay, iDEAL and BLIK.
Globally, card processing through PayPal Complete Payments can help increase authorization rates by an average of 4.7 percentage points[3]. Additionally, the availability of both PayPal Wallet and Apple Pay can potentially lead to a 17 per cent increase in checkout conversion rates[4] – further supporting business growth and revenue.
Another new feature is the ability to present prices in local currencies familiar to consumers wherever they are. PayPal Complete Payments also helps businesses optimize their cash flow by enabling rapid settlement for transactions in minutes instead of days while also allowing them to hold multi-currency balances, reducing foreign exchange exposure.
Commenting on how PayPal Complete Payments has benefitted from their cross-border gaming business online is G2G (Gamer2Gamer). G2G, a global leader in digital goods and services, trusted by over 10 million users worldwide and built to scale in the fast-growing US$250 billion global gaming market. According to G2G's Group CEO and Co-Founder Ken Chee, "PayPal Complete Payments with its transparent fees, instant settlements, and multi-currency support, empowers G2G to deliver a seamless and secure payment experience. Its advanced fraud protection minimizes risks in our cross-border transactions, enhancing operational confidence. This integration fuels G2G's expansion, fostering trust and stronger connections with our global gaming community."
Securely storing payment methods and simplifying the checkout experience
PayPal Complete Payments enables eligible businesses to allow their customers to securely store their payment methods in the PayPal vault for future purchases. This provides a seamless shopping experience for consumers, and helps businesses reduce transaction declines, drive conversions and facilitate repeat buyers.
Customers of businesses can save multiple payment methods – from PayPal to cards – in the PayPal vault. To help keep these payment methods up to date, PayPal supports features like real-time account updates, which can refresh card details when they are lost, stolen, or expired.
Security at the foundation
Additionally, fraud attacks targeting e-commerce payments in Singapore have risen to more than five times the global average[5]. This underscores the need for businesses to strike the right balance between authorizing legitimate payments and preventing fraudulent activities to effectively manage risk.
To help keep businesses secure in an environment where fraud is on the rise, PayPal Complete Payments offers Fraud Protection and Seller Protection on eligible transactions. PayPal has integrations with several e-commerce platforms – including Adobe Commerce, Big Commerce and WooCommerce – which make it easier for their customers to quickly take advantage of these solutions.
Discover more about PayPal Complete Payments here.
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com, and https://investor.pypl.com.
Media contact:
Prisita Menon
primenon@paypal.com
[1] EY, Impact of recent US tariffs on ASEAN business. (Apr 2025).
[2] PYMNTS. (Oct 2024).
[3] PayPal internal data, from online transactions between Oct 2022 – Sept 2023.
[4] Incisiv, BigCommerce Enterprise Commerce Platform Conversion Report. (Jul 2023).
[5] CNA. (Dec 2023).
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
PayPal Complete Payments Launches for Singapore Businesses to Double Down on E-commerce Growth
PayPal Complete Payments Launches for Singapore Businesses to Double Down on E-commerce Growth
PayPal Complete Payments Launches for Singapore Businesses to Double Down on E-commerce Growth
BEIJING, Jan. 11, 2026 /PRNewswire/ -- On December 29, the "Forging the Path to National Strength: China's Manufacturing Achievements Under the 14th Five-Year Plan," jointly organized by the National Museum of China and the Ministry of Industry and Information Technology, officially opened at the National Museum of China, showcasing more than 300 top national achievements. GAC's "National Outstanding Engineer Team" successfully developed both the Magazine Battery and the Solid-State Battery, which were selected for the exhibition.
The GAC Magazine Battery is the first battery system to pass both the nail penetration no-flame and non-ignition safety tests. By utilizing ultra-high intrinsic safety cells, an all-weather "vehicle-end + cloud-based" active safety monitoring system, and a multi-dimensional safety protection system, the Magazine Battery achieves three layers of protection: core, active, and passive. Its safety performance far exceeds the electric vehicles traction battery safety requirements (GB38031-2025), which will take effect on July 1, 2026. Currently, the Magazine Battery has a cumulative deployment of 1.3 million vehicles with zero spontaneous combustion and over 50 billion kilometers of safe travel, providing users with robust safety assurance for every journey.
GAC's self-developed large-capacity solid-state battery has achieved an energy density exceeding 400 Wh/kg and easily passes rigorous safety tests such as 200°C thermal chamber and nail penetration tests, effectively addressing users' range anxiety and safety concerns. Innovations in materials and processes have placed the solid-state battery at the forefront of the industry in key indicators such as safety, energy density, and cycle life, providing a superior power solution for the future development of NEVs. Currently, a pilot production line for GAC's solid-state battery has been established, capable of mass-producing vehicle-grade solid-state batteries over 60 Ah, marking a critical step toward the goal of full vehicle integration by 2026.
Over the years, GAC has been steadily enhancing its competitiveness through innovations across intelligent connectivity, NEV powertrains technologies, and forward-looking technologies. Looking ahead, GAC will continue to deepen its efforts in the intelligent connected NEV field, leveraging more leading technological achievements to drive industry progress.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
GAC Magazine Battery and Solid-State Battery Win Top National Honor
